Green Plains Renewable Energy Inc (GPRE)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Payables turnover 15.04 22.02 23.91 23.21 16.63 24.18 33.22 27.83 15.04 27.61 24.93 27.17 17.97 21.27 20.47 20.30 14.70 25.41 26.84 31.33
Number of days of payables days 24.27 16.58 15.27 15.73 21.95 15.09 10.99 13.12 24.26 13.22 14.64 13.43 20.31 17.16 17.83 17.98 24.83 14.36 13.60 11.65

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.04
= 24.27

The number of days of payables for Green Plains Renewable Energy Inc has shown some fluctuations over the past few years. As of December 31, 2024, the company takes approximately 24.27 days on average to pay its suppliers and vendors. This figure has increased steadily since December 31, 2021, where it was 20.31 days.

However, it is important to note that the number of days of payables significantly decreased to 10.99 days as of June 30, 2023, from the previous quarter, indicating a relatively efficient management of payables during that period. The metric then increased to 15.09 days by September 30, 2023, showing some volatility in the payment cycle.

Overall, a higher number of days of payables may suggest that the company is taking longer to settle its obligations, which can have implications for cash flow management and relationships with suppliers. Conversely, a lower number may indicate a more efficient use of working capital. Investors and analysts should track this metric over time and compare it to industry benchmarks to assess the company's payment practices and financial health.